View X. Frank Zhang’s professional profile on Relationship Science, the database of decision makers. Accruals, investment, and the accrual anomaly, Information Uncertainty and Analyst Forecast Behavior, Information uncertainty and stock returns. Jidong Zhou; MGT 826b, Inclusive Economic Development Lab: Opportunity Zones 2 units. Yale University . High-frequency trading has become a dominant force in the U.S. capital market, accounting for over 70% of dollar trading volume. MBA. Understanding analysts’ use of macroeconomic news. Accounting Department Seminar Series Information about Professor Zhang’s research can be found at: http://som.yale.edu/x-frank-zhang Management Science. All remaining errors are our own. © Copyright 2000-2021 Yale School of Management. Search for more papers by this author. Earnings and cash flow management around acquisition, Non-executive employee ownership and corporate risk-taking, Orphans deserve attention: Financial reporting in the missing months when corporations change fiscal year, The change in information uncertainty and acquirer wealth losses, Why are recommendations optimistic? Date Written: December 2010. Xinyi Zhang. Frank Zhang. Preliminary and incomplete, comments welcome . Study Suggests That Local Chinese Officials Manipulate GDP, Three Questions: Prof. X. Frank Zhang on the Drop in Charitable Giving. Instantly the sharp point embedded itself in the exact spot. X. Frank Zhang Professor of Accounting. His whole family was blessed by the god with the power to shift into any kind of animal, mythical or living from human form. By James Weir October 31, 2019. Kerwin Charles Kerwin Charles, D. Mark Anderson, Ryan Brown, Daniel I. Rees. September 2019 . §We thank Sreedhar Bharath, Long Chen, Paolo Pasquariello, Amiyatosh Purnanandam, Reuven Lehavy, and seminar participants at Emory University for helpful comments. The mission of the Yale School of Management is to educate leaders for business and society. The University of North Carolina at Chapel Hill. The point stuck in the wood and he cursed in Latin. Toggle list visibility; Programs. Tel: (203) 432-7938, and e-mail: frank.zhang@yale.edu. ALINA LERMAN. ‡Yale School of Management, 135 Prospect Street, P. O. F. Zhang, C. Lyu, K. Wang, and X. Zhang Journal of Accounting and Economics Forthcoming ARTICLE. Journal of Accounting Research Editorial board, 2012-2016 FARS Steering Board 2015-present. Yale University. Aurélien Baillon, Erasmus University Björn Bartling, University of Zurich David Bell, Harvard University Gary Bolton, University of Texas at Dallas Peter Bossaerts, University of Melbourne Jeffrey Carpenter, Middlebury College Katherine Coffman, Harvard Business School ABSTRACT: Consensus analyst target prices are widely available online at no cost to investors. Evidence from analysts' coverage initiations. 2018 Buy-side analysts and earnings conference calls. 11:35 Susan Whiting “Land Law as the Last Gasp of the Planned Economy” (Frank Upham) ... Zhang Taisu, Yale University Zhang Yiran, Harvard University Zhao Jun, Zhejiang University Zheng Wentong, University of Florida Zhu Ciyun, Tsinghua University. Three Questions: Prof. X. Frank Zhang on the Drop in Charitable Giving Behavioral Economics and Decision Analysis. Jin (Ginger) Wu, Lu Zhang and Frank Zhang University of Georgia - Department of Banking and Finance, Ohio State University - Fisher College of Business and Yale … ... Publications by X. Frank Zhang . Date Written: August 15, 2020. Home; Curriculum Vitae; Publications; Working Papers; Editorships “Occupational Licensing and Maternal Health: Evidence from Early Midwifery Laws and Maternal Mortality”. Yale University. Yale School of Management. ABSTRACT . Michigan Law Hosts Once-in-a-generation Conference on Chinese Law. Sighing, he retrieved it, pulling the wood from the tip. Both theory and evidence are mixed regarding the impact on prices of trading on “dark” venues partially exempt from National Market System requirements. X. Frank Zhang. We explore a new mechanism of earnings management whereby a parent company shifts income from not-wholly-owned subsidiaries to itself to avoid losses. thomas.steffen@yale.edu . Date Written: May 30, 2019. October 2013 . X. FRANK ZHANG. Lorenzo Caliendo Lorenzo Caliendo, Giordano Mion, Luca D. Opromolla, Esteban Rossi-Hansberg. Frank Zhang aimed at the tree and fired. The middle of the woods was a good place to practice but it was dull. Journal … Frank Zhang | New Haven, Connecticut | Professor at Yale University | 82 connections | View Frank's homepage, profile, activity, articles We show that the timing role has dramatically J. Thomas, X. F. Zhang, and W. Zhu. On June 5, 1994, Frank was born to Mars, the Roman god of war, and mortal military soldier Emily Zhang. Frank Zhang, Yale University. Information content of earnings announcements: A different perspective Box 208200 Fax: (203) 432-0342 Journal of Portfolio Management Editorial board, 2015-present. © 2007-2021 Yale School of Management. From his mother, he is a descendant of Periclymenus, who was a grandson of Poseidon and a member of the Argonauts, hence making him a legacy of Poseidon. Yale School of Management. X. Frank Zhang Yale School of Management 135 Prospect Street New Haven CT 06520 frank.zhang@yale.edu. Overreaction to Intra-industry Information Transfers? X. Frank Zhang's 17 research works with 951 citations and 2,485 reads, including: The Characteristics that Provide Independent Information about Average U.S. ROBERT M. BUSHMAN. F. Zhang, M. Luo and S. Shao Review of Accounting Studies Forthcoming ARTICLE. F. Zhang, D. Dai and H. Ding. Frank Zhang. Yale Insights is produced by the Yale School of Management. Journal of Political Economy, (2020) 128(11). Sun Yat-Sen University (SYSU) - Business School. Date Written: July 2020. Monthly Stock Returns Is the Timing Role of Accrual Accounting Disappearing? View X. Frank Zhang's Full Profile Forthcoming Dark trading and post earnings announcement drift. X. Frank Zhang February 11, 2020 A study by Yale SOM’s Frank Zhang suggests that local Chinese governments often push through projects without long-term economic value, or fabricate numbers outright, in order to meet GDP targets. University of Illinois at Urbana-Champaign - Department of Accountancy. Earlier this month, Michigan Law welcomed more than 90 scholars from around the globe to a once-in-a-generation conference on Chinese law. This study examines the of accrual accounting, a smoothing of timing role timing temporary fluctuations in operating cash flows via accruals. X. Frank Zhang is Professor of Accounting at Yale University - Yale School of Management. Search for more papers by this author. Yale University . F. Zhang, F. Bova, K. Kolev, and J. Thomas, The mission of the Yale School of Management is to educate leaders for, Fellowship for Public Education Leadership, Certificate of Excellence in Global Business, Dark trading and post earnings announcement drift, The power of firm fundamentals in explaining stock returns, Spring-loading when no one is looking? frank.zhang@yale.edu. Adjusted for inflation, charitable giving in the United States fell by 1.7% in 2018, We asked Prof. X. Frank Zhang what explains the decline and how policymakers can encourage more giving. X. Frank Zhang; MGT 812b, Financial Statement Analysis 2 units. All rights reserved. Management Science Associate Editor, 2017-present. CAPANA Vice President, President-elect, President, 2014-2017 But new research by Frank Zhang, a professor of accounting at Yale SOM, and his co-authors has revealed what Zhang calls a “clean answer.” By comparing GDP targets to the eventual numbers reported by local officials, the team found that “the evidence is very clear that the numbers have been manipulated,” he says. Three Questions: Prof. X. Frank Zhang on ... - Yale Insights GDP management to meet or beat growth targets. Yale School of Management Faculty. This study examines the implication of high-frequency trading for stock price volatility and price discovery. A study by Yale SOM’s Frank Zhang suggests that local Chinese governments often push through projects without long-term economic value, or fabricate numbers outright, in order to meet GDP targets. Box 208200, New Haven, CT 06520-8200. Yale University. Prior literature shows that earnings have come to explain less stock price movement over time, suggesting that firm fundamental information has become less important. In the absence of his immortal father, Frank'… Getting to Ann Arbor Search for more papers by this author. Yale School of Management. Abstract. In this paper we consider whether these consensus target prices are informative for predicting future returns. Kate M. Cooney; MGT 828b, Creativity and Innovation 2 units. Box 208200 Fax: (203) 432-0342 1 Introduction In a path-breaking contribution, Sloan (1996) documents that firms with high accruals earn abnor-mally lower returns on average than firms with low accruals, and interprets the evidence as investors Abstract. Frank Zhang. Abstract. Wei Zhu. Yale School of Management. frank.zhang@yale.edu . X. Frank Zhang (Updated – July 2018) Yale School of Management Email: frank.zhang@yale.edu 165 Whitney Ave Tel: (203) 432-7938 P.O. See all articles by Frank Zhang Frank Zhang. “Productivity and Organization in Portuguese Firms”. X. Frank Zhang; MGT 822b, Game Theory and Market Design 2 units. Frank Zhang (Updated – August 2020) Yale School of Management Email: frank.zhang@yale.edu 165 Whitney Ave Tel: (203) 432-7938 P.O. Abstract. 812B, Financial Statement Analysis 2 units can be found at: http: //som.yale.edu/x-frank-zhang Frank Zhang to itself avoid... View X. Frank Zhang income from not-wholly-owned subsidiaries to itself to avoid losses of Accounting. Lorenzo Caliendo, Giordano Mion, Luca D. Opromolla, Esteban Rossi-Hansberg show that the timing role has See. We show that the timing role has dramatically See all articles by Frank Zhang on Drop. From Early Midwifery Laws and Maternal Health: Evidence from Early Midwifery Laws and Maternal Mortality.! Subsidiaries to itself to avoid losses to a once-in-a-generation conference on Chinese Law Analysis 2 units ;. 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